Bay View Announces Record Date for Rights Offering

Apr 10, 2001, 01:00 ET from Bay View Capital Corporation

    SAN MATEO, Calif., April 10 /PRNewswire/ -- Bay View Capital Corporation
 (NYSE:   BVC) announced today that the record date for determining stockholders
 of record who are to receive rights to purchase additional shares of its
 Common Stock in its previously announced rights offering has been set at
 April 23, 2001. In the event the registration statement filed by Bay View with
 the Securities and Exchange Commission with respect to the rights offering has
 not become effective by that date, a circumstance that Bay View does not
 expect to occur, the record date will be the date the registration statement
 becomes effective.
     As soon as practicable after the close of business on the record date, a
 subscription warrant and a related set of instructions explaining the
 procedure for exercising or selling the rights and a prospectus supplement
 relating to the rights offering, together with an accompanying prospectus
 (together, the "Prospectus"), will be mailed to stockholders of record on the
 record date. The terms of the rights offering will be more completely
 described in the Prospectus. If these do not arrive within a reasonable time
 after the record date, stockholders can notify Mellon Investor Services LLC,
 at 44 Wall Street, 7th Floor, New York, New York, 10005 or by telephone at
 800-737-9864.
     A registration statement relating to the rights and the underlying Common
 Stock has been filed with the Securities and Exchange Commission but has not
 yet become effective. These securities may not be sold nor may offers to buy
 be accepted prior to the time the registration statement becomes effective.
 This press release shall not constitute an offer to sell or the solicitation
 of an offer to buy nor shall there be any sale of these securities in any
 State in which such offer, solicitation or sale would be unlawful prior to
 registration or qualification under the securities laws of any such State.
     Bay View Capital Corporation is a diversified financial services company
 headquartered in San Mateo, California. The Company's principal subsidiary is
 Bay View Bank, a nationally chartered commercial bank which is the largest
 deposit franchise exclusively serving the San Francisco Bay Area with 57 full
 service branches. Bay View offers a full array of retail and commercial
 banking products and services to customers throughout the nation.
 
     Forward-Looking Statements
     This press release contains forward-looking statements that describe the
 Company's future plans, strategies and expectations. All forward-looking
 statements are based on assumptions and involve risks and uncertainties, many
 of which are beyond the Company's control and may cause our actual results,
 performance or achievements to differ materially from those that the Company
 anticipate. Factors that might affect forward-looking statements include,
 among other things:
 
     -- The ability to remain in compliance with certain written agreements
        with government agencies;
     -- the successful completion of these offerings or alternative
        transactions raising additional capital;
     -- the demand for products;
     -- actions taken by competitors;
     -- tax rate changes, new tax laws and revised tax law interpretations;
     -- adverse changes occurring in the securities markets;
     -- inflation and changes in prevailing interest rates that reduce margins
        or the fair value of the financial instruments held;
     -- economic or business conditions, either nationally or in current market
        areas, that are worse than expected;
     -- legislative or regulatory changes that adversely affect business;
     -- the timing, impact and other uncertainties of asset sales or
        securitizations;
     -- technological changes that are more difficult or expensive than
        expected;
     -- increases in delinquencies and defaults by borrowers and other loan
        delinquencies;
     -- increases in provision for losses on loans and leases;
     -- the inability to sustain or improve the performance of subsidiaries;
     -- the inability to achieve the financial goals of strategic plans,
        including any financial goals related to both contemplated and
        consummated asset sales or acquisitions;
     -- the outcome of lawsuits or regulatory disputes;
     -- credit and other risks of lending, leasing and investment activities;
        and
     -- the inability to use the net operating loss carryforwards.
 
     As a result of the above, the Company cannot assure you that future
 results of operations or financial condition or any other matters will be
 consistent with those presented in any forward-looking statements.
 Accordingly, the Company cautions you not to rely on these forward-looking
 statements. The Company does not undertake, and specifically disclaim any
 obligation, to update these forward-looking statements, which speak only as of
 the date made.
 
 

SOURCE Bay View Capital Corporation
    SAN MATEO, Calif., April 10 /PRNewswire/ -- Bay View Capital Corporation
 (NYSE:   BVC) announced today that the record date for determining stockholders
 of record who are to receive rights to purchase additional shares of its
 Common Stock in its previously announced rights offering has been set at
 April 23, 2001. In the event the registration statement filed by Bay View with
 the Securities and Exchange Commission with respect to the rights offering has
 not become effective by that date, a circumstance that Bay View does not
 expect to occur, the record date will be the date the registration statement
 becomes effective.
     As soon as practicable after the close of business on the record date, a
 subscription warrant and a related set of instructions explaining the
 procedure for exercising or selling the rights and a prospectus supplement
 relating to the rights offering, together with an accompanying prospectus
 (together, the "Prospectus"), will be mailed to stockholders of record on the
 record date. The terms of the rights offering will be more completely
 described in the Prospectus. If these do not arrive within a reasonable time
 after the record date, stockholders can notify Mellon Investor Services LLC,
 at 44 Wall Street, 7th Floor, New York, New York, 10005 or by telephone at
 800-737-9864.
     A registration statement relating to the rights and the underlying Common
 Stock has been filed with the Securities and Exchange Commission but has not
 yet become effective. These securities may not be sold nor may offers to buy
 be accepted prior to the time the registration statement becomes effective.
 This press release shall not constitute an offer to sell or the solicitation
 of an offer to buy nor shall there be any sale of these securities in any
 State in which such offer, solicitation or sale would be unlawful prior to
 registration or qualification under the securities laws of any such State.
     Bay View Capital Corporation is a diversified financial services company
 headquartered in San Mateo, California. The Company's principal subsidiary is
 Bay View Bank, a nationally chartered commercial bank which is the largest
 deposit franchise exclusively serving the San Francisco Bay Area with 57 full
 service branches. Bay View offers a full array of retail and commercial
 banking products and services to customers throughout the nation.
 
     Forward-Looking Statements
     This press release contains forward-looking statements that describe the
 Company's future plans, strategies and expectations. All forward-looking
 statements are based on assumptions and involve risks and uncertainties, many
 of which are beyond the Company's control and may cause our actual results,
 performance or achievements to differ materially from those that the Company
 anticipate. Factors that might affect forward-looking statements include,
 among other things:
 
     -- The ability to remain in compliance with certain written agreements
        with government agencies;
     -- the successful completion of these offerings or alternative
        transactions raising additional capital;
     -- the demand for products;
     -- actions taken by competitors;
     -- tax rate changes, new tax laws and revised tax law interpretations;
     -- adverse changes occurring in the securities markets;
     -- inflation and changes in prevailing interest rates that reduce margins
        or the fair value of the financial instruments held;
     -- economic or business conditions, either nationally or in current market
        areas, that are worse than expected;
     -- legislative or regulatory changes that adversely affect business;
     -- the timing, impact and other uncertainties of asset sales or
        securitizations;
     -- technological changes that are more difficult or expensive than
        expected;
     -- increases in delinquencies and defaults by borrowers and other loan
        delinquencies;
     -- increases in provision for losses on loans and leases;
     -- the inability to sustain or improve the performance of subsidiaries;
     -- the inability to achieve the financial goals of strategic plans,
        including any financial goals related to both contemplated and
        consummated asset sales or acquisitions;
     -- the outcome of lawsuits or regulatory disputes;
     -- credit and other risks of lending, leasing and investment activities;
        and
     -- the inability to use the net operating loss carryforwards.
 
     As a result of the above, the Company cannot assure you that future
 results of operations or financial condition or any other matters will be
 consistent with those presented in any forward-looking statements.
 Accordingly, the Company cautions you not to rely on these forward-looking
 statements. The Company does not undertake, and specifically disclaim any
 obligation, to update these forward-looking statements, which speak only as of
 the date made.
 
 SOURCE  Bay View Capital Corporation